OREANDA-NEWS. On August 27, 2009 An Extraordinary General Shareholders Meeting of LitPol Link, a joint venture of PSE Operator and Lietuvos Energija, being in charge of preparation of the project for construction of Lithuanian - Polish power interconnection, was held in Warsaw. As the result of this meeting two new members of Supervisory Board have been appointed by Lietuvos Energija AB. They were delegated to replace the former members: Mr. Darius Masionis and Mr. Darius Degutis. The  appointees are Mr. Sarunas Vasiliauskas and Mr. Darius Grondskis, reported the press-centre of Lietuvos Energija.

Mr Sarunas Vasiliauskas is currently a Board Member of Lietuvos Energija – a shareholder of LitPol Link. During the Supervisory Board Meeting on August 27th, 2009, Mr. Sarunas Vasiliauskas was elected the Deputy Chairman of the Supervisory Board.

Mr Darius Grondskis is the Head of Finance Planning and Treasury Division of Lietuvos Energija AB. Previously he held the position of Financial Director and Deputy General Manager of Ventus Nafta AB. Lithuanian side also represent Mr. Daivis Virbickas (Lietuvos Energija AB).

The Supervisory Board of LitPol Link is composed of six members. Each shareholder delegates three members of Supervisory Board. The Polish shareholder PSE Operator S. A. is represented by Prof. Wladyslaw Mielczarski, Chairman of the Supervisory Board of LitPol Link, European Coordinator for the Northern European Powerlinks, Mrs. Malgorzata Klawe (PSE Operator), and Prof. Waldemar Kamrat (Gdansk University of Technology).

LitPol Link is currently preparing the localisation study for the route of a new power line in Poland. On the Lithuanian side of the border, the contractors for the territorial planning and environmental impact assessment of the investment as well as Feasibility Study for Back-to-Back converter in Alytus substation are expected to be chosen in the coming month.

About LitPol Link Sp. z o.o. The joint venture LitPol Link, established in May 2008, is in charge of implementation of primary stage of the project for Lithuanian-Polish power interconnection, i.e. preparation of all necessary analyses and studies, obtaining of agreements, requisite for the launch of the investment project.  50 per cent of LitPol Link's shares are owned by Lietuvos Energija AB, the remaining 50 per cent - by PSE Operator S. A.

About Lietuvos Energija AB. Lietuvos Energija AB performs functions of electricity transmission grid (110-330 kV voltage) owner, system operator and market operator and seeks to ensure the stability of electricity transmission and power system in Lithuania. Lietuvos Energija is pursuing one of the key goals of Lithuanian power sector – integration with common European power system and electricity market. Lietuvos Energija actively participates in the activities of European Network of Transmission System Operators for Electricity (ENTSO-E).

 About PSE Operator S. A. PSE Operator S. A. is a Polish Transmission System Operator which has been established within the structures of the PSE holding. PSE Operator S. A. holds the License for Transmission and Distribution of Electricity on the territory of the Republic of Poland via networks consisting of 750 kV, 400 kV, 220 kV and 110 kV lines.